DeFi on Bitcoin Network Gains Momentum Despite BTC Dip in Dominance
— Notably, Rsk, Network much, Considered, Promises, Market, Options, Dassets, Ethereum, Secure distributed ledgers similar — 1 min read
DeFi is a technology based on secure distributed ledgers similar to those used by cryptocurrencies, leveraging the blockchain to provide users access to financial tools without relying on middlemen. With options from Rootstock and Stacks to DeFiChain and Portal, some believe that there is a bright future for DeFi on the Bitcoin Network. This is despite Bitcoin’s dip in market dominance below 50% for several months. DeFi chain offers decentralized assets (dAssets) on Bitcoin, including dTSLA, which can be minted by any user on the DeFichain blockchain. The asset gives holders price exposure of actual assets like stocks without leaving DeFi space without leaving the Defi space. The network has seen Layer-2 and Layer-3 Source